Batesville, MS Cost of Living

Batesville cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.

Displayed above is a general overview of the Batesville, MS cost of living index. The overall cost of living index in Batesville, MS is 84, which is 3% higher than the Mississippi average and 16% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Batesville, MS are 3% lower than the Mississippi average and 13% lower than the national average.

Did you know?

The cost of living in Batesville is 3% higher than the Mississippi average.

The cost of living in Batesville is 16% lower than the national average.

The cost of housing in Batesville is 29% lower than the national average.

Mississippi general sales tax is 37% higher than the national average.

Compare Batesville, MS Cost of living To Other Cities

Salary Calculator

I currently make 50,000This is how much you would need to earn in Price difference in compared to

Cost of living index

Goods & Services index

Groceries index

Health care index

Housing index

Transportation index

Utilities index

The salary calculator allows you to compare how much your current salary in Batesville, MS would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Batesville, MS, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Batesville, MS salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income

Per Year

Per Month

Max Budget (28% DTI)

Max Budget (36% DTI)

Owners

$61,908

$5,159

$1,444

$1,857

Renters

$38,038

$3,170

$887

$1,141

One can approximate the cost of living and the housing affordability in Batesville, MS by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Batesville, MS have a median income of $61,908. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,444 per month to avoid calamity and poverty. The renters in the city have an income of about $38,038, which would make their monthly maximum allowable rental costs $887.

Mississippi Sales Tax

State

General Sales Tax

With Max Surtax

Mississippi

7%

7.25%

Mississippi Income Tax

State

Income Tax (Low)

Income Tax (High)

Mississippi

3%

5%

One thing to keep in mind when considering the cost of living in Batesville, MS is the Mississippi sales tax and Mississippi income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Mississippi sales tax rate is 7% and the maximum surtax that can be charged is 7.25%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Mississippi income tax rates range from 3% to 5%.

Goods & Services

Item

Batesville

National avg.

Difference

Haircut

$13.96

$16.09

13.2%

Beauty Salon

$29.50

$37.33

21.0%

Toothpaste

$1.89

$2.45

22.8%

Shampoo

$0.79

$1.00

21.0%

Movie

$10.03

$10.28

2.4%

Bowling

$3.39

$4.93

31.2%

Groceries

Item

Batesville

National avg.

Difference

Ground Beef

$3.70

$3.80

2.8%

Fried Chicken

$1.12

$1.40

20.1%

Milk

$1.86

$2.01

7.2%

Potatoes

$3.10

$3.01

2.9%

Pizza

$9.16

$9.89

7.4%

Beer

$9.14

$8.90

2.7%

Health Care

Item

Batesville

National avg.

Difference

Optometrist

$64.31

$102.16

37.1%

Doctor

$70.43

$108.36

35.0%

Dentist

$87.60

$92.53

5.3%

Ibuprofen

$8.16

$9.28

12.1%

Lipitor

$427.38

$425.82

0.4%

Housing

Item

Batesville

National avg.

Difference

Home Price

$125,400.00

$184,700.00

32.1%

Avg. Mortgage Payment

$803.07

$1,202.44

33.2%

Apartment Rent

$735.00

$949.00

22.6%

Transportation

Item

Batesville

National avg.

Difference

Gasoline

$2.08

$2.24

7.4%

Tire Balancing

$38.06

$46.29

17.8%

Utilities

Item

Batesville

National avg.

Difference

All Electricity

$156.87

$165.96

5.5%

Phone

$32.78

$28.68

14.3%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.